Addendum Announcement from Etihad Atheeb Telecommunication Co. (GO) in regards to the signing of a settlement contract with one of the major suppliers

11 February 2021 03:22 PM

ATHEEB TELECOM 7040 99.04% 125.00 62.20

Element List	Explanation
Introduction	signing of an agreement with one of the main suppliers
Date of Posting the Previous Announcement of Development on Tadawul's Website	2021-02-07 Corresponding to 1442-06-25
URL of the Previous Announcement	Click Here
Change on the Development	Etihad Atheeb Telecom Company (GO) would like to clarify to the honorable shareholders that the new outstanding balance of 370 million riyals has been rescheduled, as an amount of 125 million riyals was paid upon signing the agreement, and the remaining balance of 245 million riyals is scheduled in five installments An annual equal amount of 49 million riyals starting on 01 July 2022, with the exception of the last installment ending on 01 January 2026.
Financial Impact on the change	-

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